Conifer Holdings Reports 2024 Third Quarter Financial Results
Conifer Holdings, Inc. (CNFR)
Last conifer holdings, inc. earnings: 2/26 04:01 pm
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US:NASDAQ Investor Relations:
ir.cnfrh.com
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Source: GlobeNewswire
TROY, Mich., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Conifer Holdings, Inc. (Nasdaq: CNFR) (“Conifer” or the “Company”) today announced results for the third quarter ended September 30, 2024. This quarter, the Company reported a $61 million gain on the sale of its insurance agency operations, completed in August of this year, along with an adjusted operating loss of over $7 million in the period. Third Quarter 2024 Financial Highlights $61 Million gain on sale of insurance agency operationsAdjusted operating loss of $7.4 million or ($0.60) a shareNet income of $53.3 million for the period Management Comments Brian Roney, CEO of Conifer, commented, "Third quarter results reflect the successful culmination of the sale of our insurance agency operations to Bishop Street Underwriters. With the sale, and the majority of our commercial lines production in runoff, we are focusing underwriting efforts on select personal lines, particularly in Texas and Midwest homeowners.” Reduction of Comm
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Sec Filings
- 11/13/24 - Form 8-K
- 11/13/24 - Form 10-Q
- 10/4/24 - Form 8-K/A
- CNFR's page on the SEC website